Globeflex Capital L P Acquires New Holdings in Rush Street Interactive, Inc. $RSI

Globeflex Capital L P purchased a new stake in Rush Street Interactive, Inc. (NYSE:RSI) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 264,840 shares of the company’s stock, valued at approximately $7,876,000. Rush Street Interactive makes up 1.0% of Globeflex Capital L P’s holdings, making the stock its 21st largest holding. Globeflex Capital L P owned 0.11% of Rush Street Interactive at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Rush Street Interactive by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company’s stock worth $484,000 after acquiring an additional 1,893 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Rush Street Interactive by 18.8% in the first quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company’s stock worth $7,394,000 after acquiring an additional 109,366 shares during the period. Prudential Financial Inc. purchased a new position in shares of Rush Street Interactive during the second quarter worth $166,000. Invesco Ltd. lifted its position in Rush Street Interactive by 377.1% during the second quarter. Invesco Ltd. now owns 272,693 shares of the company’s stock valued at $4,063,000 after purchasing an additional 215,538 shares during the period. Finally, First Trust Advisors LP purchased a new stake in Rush Street Interactive in the second quarter valued at $3,766,000. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Mattias Stetz sold 20,000 shares of Rush Street Interactive stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $31.22, for a total value of $624,400.00. Following the completion of the transaction, the chief operating officer owned 197,874 shares in the company, valued at approximately $6,177,626.28. The trade was a 9.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Sauers sold 23,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $25.44, for a total value of $585,120.00. Following the sale, the chief financial officer directly owned 631,258 shares in the company, valued at $16,059,203.52. This represents a 3.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 614,002 shares of company stock valued at $17,350,367. 52.89% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Needham & Company LLC upped their price objective on Rush Street Interactive from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Wells Fargo & Company lifted their price objective on Rush Street Interactive from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Citizens Jmp lifted their target price on shares of Rush Street Interactive from $33.00 to $34.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. increased their price objective on shares of Rush Street Interactive from $26.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Rush Street Interactive in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.22.

Rush Street Interactive Stock Down 0.4%

NYSE:RSI opened at $25.70 on Monday. The stock’s fifty day moving average is $29.49 and its two-hundred day moving average is $25.14. Rush Street Interactive, Inc. has a 52 week low of $15.51 and a 52 week high of $34.53. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 88.62 and a beta of 1.59.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $393.78 million during the quarter, compared to analysts’ expectations of $367.75 million. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.Rush Street Interactive’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same period last year, the business posted $0.11 EPS. On average, sell-side analysts expect that Rush Street Interactive, Inc. will post 0.49 EPS for the current fiscal year.

About Rush Street Interactive

Rush Street Interactive (NYSE: RSI) is a digital gaming and sports betting company that develops and operates online wagering platforms in regulated markets. As a subsidiary of Rush Street Gaming, the company specializes in delivering interactive casino games, live dealer experiences, and sports betting services through desktop and mobile applications. Its technology infrastructure is designed to support real-time wagering, secure transactions, and responsible gaming tools across multiple jurisdictions.

The company’s flagship brand, BetRivers, offers a range of casino titles—including slots, table games, and virtual sports—alongside a comprehensive sportsbook featuring pre-game and in-play betting markets.